Issue of Equity

Petra Diamonds Ld 06 January 2003 PETRA DIAMONDS LIMITED Petra Diamonds Limited announces that it has placed a further 40,101 new Ordinary Shares of 10p each for cash at 19.95p per share with Comell Capital Partners Offshore LLP in accordance with its placing agreement with that company. The proceeds of £8,000 will be used to provide working capital in Angola. Application has been made for these shares to be admitted to trading on AiM and dealings are expected to commence on Tuesday 7 January 2003. This information is provided by RNS The company news service from the London Stock Exchange
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